Ulta Salon, Express Fall 25% Since Thanksgiving

NEW YORK (TheStreet) -- Weaker than expected earnings per share, revenue misses or lowered forward guidance from retailers is a warning for the U.S. economy as nine stocks from the retail-wholesale sector were sent to the woodshed between Thanksgiving eve and Christmas eve. This post covers the biggest losers and six of nine traded down by double-digit percentages led by salon products retailer Ulta Salon (ULTA) down 26.5% followed by the specialty retailer of women's and men's apparel Express (EXPR) down 25.9%.

In my earlier post today I covered the winners and only three outperformed the S&P 500 since Thanksgiving.

The five major equity averages set new all-time or multi-year intra-day highs on Christmas eve. Unfortunately, it's obvious that a rising tide no longer lifts all boats as eight buy rated stocks from the retail-wholesale sector sank as the stock market rose.

The new all-time or multi-year intra-day highs are 16,360.60 Dow Industrials vs. its weekly risky level at 16,365. The new high for S&P 500 is 1833.32 vs. its weekly pivot at 1831.8. The new high for the Nasdaq is 4155.62. The new high for Dow transports is 7344.88 vs. its weekly pivot at 7338. The new high for the Russell 2000 is 1163.67 vs. its quarterly risky level at 1163.21.

Fundamentally 85.6% of all stocks are overvalued with 59.1% overvalued by 20% or more. All 16 sectors are overvalued, 15 by double-digit percentages. We show 13 sectors overvalued by 22.9% to 43.3%.

Aeropostale (ARO) ($9.01 vs. $9.84 on Nov. 27 down 8.4%) the retailer of casual apparel for teenagers has a hold rating is 214.7% overvalued with a loss of 31.2% over the last 12 months and is below its 200-day simple moving average at $11.93. The teen retailer has a negative weekly chart profile and is below its five-week modified moving average at $9.11 and its 200-week SMA at $18.12, and set a multi-year intra-day low at $7.78 on Sept. 4. My weekly value level is $8.80 with a monthly risky level at $9.88.

Big Lots (BIG) ($31.57 vs. $38.34 on Nov. 27 down 17.7%) the retailer of closeout merchandise and toys has a buy rating is 12.5% overvalued with a gain of 10.6% over the last 12 months and is below its 200-day SMA at $35.51. Big Lots has a negative weekly chart profile and is below its five-week MMA at $33.82 and its 200-week SMA at $35.40 and traded as low as $30.22 on Dec. 10. My weekly pivot is $32.46 with a quarterly risky level at $36.41.

Barnes & Noble (BKS) ($14.57 vs. $16.69 on Nov. 27 down 12.7%) the retailer of books and the Nook has a buy rating is 0.7% undervalued with a loss of 3% over the last 12 months and is below its 200-day SMA at $16.62. The book seller has a negative weekly chart profile and is below its five-week MMA at $14.80 and its 200-week SMA at $15.30 and traded to a recent low at $13.40 on Dec. 11. My annual value level is $14.33 with a weekly risky level at $15.23 and monthly risky level at $16.60.